The Magnetite Mines Ltd (ASX: MGT) share price has had a roaring 2021 so far. It’s currently up 330% year to date.
At the time of writing, the Magnetite Mines share price is up 2.38% from yesterday’s closing price, trading for 4.3 cents.
So, what’s been driving the Magnetite Mines share price? Let’s take a look at its recent time on the ASX.
The build-up to the Magnetite Mines share price’s big bang
Magnetite’s share price rise has come after much adjusting by the company, and a new foray into iron ore mining.
The company purchased its Razorback High Grade Iron Ore Project in 2018, but in June last year it signed a farm-in agreement…